Question

Adam Smith believed that people will make decisions that will benefit them because they will be looking out after their own?

a) Wealth.
b) Reputation.
c) Self-interest.
d) Altruism.

Answer 1

Adam Smith posited that people's self-interest drives decisions that ultimately benefit society as a whole, a process described by the metaphor of the 'invisible hand'.

Step-by-step explanation:

Adam Smith believed that individuals make decisions that are driven by their own self-interest. He argued that when individuals act in their own self-interest, they indirectly promote the good of society through economic actions that benefit others, a concept he coined the invisible hand. The Wealth of Nations discusses how individuals seeking to improve their own lives through hard work and enterprise can lead to a more robust economy and general prosperity.